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Other Fields Homework Help Economics Topic started by: AndrewKraus on May 22, 2017



Title: Which of the following statements best describes a normal good?
Post by: AndrewKraus on May 22, 2017
Which of the following statements best describes a normal good?
A) A normal good is a good that is rationed by the government.
B) A normal good is a good that is readily available in the market.
C) A normal good is a good whose supply increases as its price decreases.
D) A normal good is a good whose demand increases with an increase in consumers' income.


Title: Re: Which of the following statements best describes a normal good?
Post by: Simpleman on May 22, 2017
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Title: Re: Which of the following statements best describes a normal good?
Post by: AndrewKraus on Jun 24, 2017
Needed this for my economics assignment, thanks